Tata Steel Ltd to Acquire Stake in Medica TS Hospital, Amalgamate Neelachal Ispat Nigam Ltd, and Invest up to USD 2 Billion in T Steel Holdings Pte. Ltd

Tata Steel Ltd announced its decision to acquire a stake in Medica TS Hospital Private Limited, a subsidiary company, from Manipal Hospitals Eastern India Private Limited for an aggregate consideration of ₹ 1.49 crore. The company also approved a scheme of amalgamation between Neelachal Ispat Nigam Limited, a wholly owned subsidiary, and Tata Steel Ltd. Additionally, Tata Steel Ltd plans to invest up to USD 2 Billion in T Steel Holdings Pte. Ltd, a wholly owned foreign subsidiary, in one or more tranches from FY2026-27 onwards.